Discovering Mechanics: Louis Renault e-book (RENAULT) | Page 187

EU objectives for biofuels  1997   12% renewable energy target by 2010 2003 Biofuels use directive  2% target for biofuels in transport fuels by 2005 (1% achieved); 5.75% by 2010   2003 Energy taxation directive   Not mandatory, but annual reports required Allowed MS to grant tax reductions and exemptions on biofuels 2007 “Energy Policy for Europe” package  Mandatory target of 10% of biofuels in transport fuels by 2020